Overview of Esupoa Jouhoku (エスポア城北)
Esupoa Jouhoku (エスポア城北) is a 44-year-old condominium located at Nagoyashi Kitaku Yasui 1 Choume 1-33 (名古屋市北区安井1丁目1-33), Aichi, Japan. Built in 1982, it comprises 170 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 97 past listings, prices have ranged from 890〜2,580万円 (approx. $59,333–$172,000 USD at ¥150/$).
Unit sizes range from 58.9–87.0 sqm (634–936 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.9万/sqm (approx. $1,657/sqm or $154/sqft).
Location & Neighborhood
The property is located at Nagoyashi Kitaku Yasui 1 Choume 1-33 (名古屋市北区安井1丁目1-33), Aichi, Japan. It is a 16-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 170 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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